705 6th Avenue, Venice, CA 90291
  • MLS#: 25498789 ( )
  • Street Address: 705 6th Avenue
  • Viewed: 1
  • Price: $4,949,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1924
  • Bldg sqft: 0
  • Days On Market: 48
  • Additional Information
  • County: LOS ANGELES
  • City: Venice
  • Zipcode: 90291
  • Provided by: Pardee Properties
  • Contact: Tyler Tyler
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Rare investment opportunity in the heart of Venice: perfect for multi generational living! An unparalleled opportunity in the heart of Venice, this perfectly located and meticulously designed four home property offers the perfect blend of togetherness and independence ideal for multi generational living or a high yield investment with a 5.3% cap rate. Currently operating as MTR at a 5.3% cap rate but can be delivered vacant for a traditional rental unit. At market rents on traditional 12 month lease the cap rate is 5.0%. The home is fully occupied at noted rents via the outstanding corporate rental platform however can be delivered VACANT at the close of escrow to suit a buyers needs. This unique gated sanctuary consists of a completely rebuilt two story front house, a spacious duplex, and a brand new construction ADU with a rooftop deck, all designed to feel connected yet separate, with lush landscaping for natural privacy and security for each. Front House (3BD/3BA): Rebuilt in 2024, this modern two story home is flooded with natural light from skylights and features an open floor plan, large kitchen, private bar/wine room, luxurious primary suite, private fenced yard, and in unit laundry. Middle Duplex (Two 3BD/2BA Units): Thoughtfully remodeled, both units offer spacious open layouts, private outdoor areas enclosed by greenery, and in unit laundry. Ideal for extended family, guests, or high income rentals. ADU (2BD/2BA + Rooftop): Designed by renowned architect Robert Thibodeau, this brand new (2024) standalone residence features an expansive rooftop deck with an outdoor kitchen and breathtaking city views a true private retreat. Each home is intentionally separated with custom fencing, hedges, and private walkways, ensuring residents have their own gated entrance and dedicate outdoor space. Located just moments from Rose Ave & Abbot Kinney Blvd, this property places you in the heart of Venice's best shopping, dining, and coastal lifestyle. A place where generations can come together, yet live independently. A rare chance to own a multi home sanctuary in one of LA's most coveted neighborhoods.
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Features
Appliances
  1. Barbecue
  2. Dishwasher
  3. Disposal
  4. Microwave
  5. Refrigerator
Architectural Style
  1. Traditional
Building Area Total
  1. 4289.00
Common Walls
  1. No Common Walls
Cooling
  1. Central Air
Country
  1. US
Fireplace Features
  1. Living Room
Flooring
  1. Wood
Garage Spaces
  1. 2.00
Heating
  1. Central
Interior Features
  1. Ceiling Fan(s)
Laundry Features
  1. Washer Included
  2. Dryer Included
Levels
  1. Multi/Split
  2. Two
Netoperatingincome
  1. 264300.00
Parcel Number
  1. 4239002026
Parking Features
  1. Carport
  2. Garage
Pool Features
  1. None
Postalcodeplus4
  1. 3061
Property Condition
  1. Updated/Remodeled
Sourcesystemkey
  1. 25498789:CLAW
Spa Features
  1. None
Totalexpenses
  1. 131700.00
View
  1. Mountain(s)
Virtual Tour Url
  1. https://my.matterport.com/show/?m=d3UrFnXfapx
Year Built
  1. 1924
Zoning
  1. LARD1.5